Jan 15, 2019 | Budget, Making Tax Digital, Tax
If you were hoping to get Entrepreneurs’ Tax Relief when you make a Capital Gain on business assets there are new rules coming in if you make a disposal after 5 April 2019. These could make a substantial difference to what you take home after a successful share sale....
Jan 4, 2019 | Budget, Tax
Check Your PAYE Code, Now! Now is the time to check your PAYE code if you are an employee or a private pensioner because there’s only a short time to get any mistakes corrected. There is some confusion. A lot of people don’t actually know what PAYE, is even though...
Nov 2, 2018 | Budget, Making Tax Digital, Tax
“The hurrier I go, the behinder I get!” Alice In Wonderland, Lewis Carroll HMRC is currently piloting Making Tax Digital (MTD) for VAT but this is by invitation only. Once HMRC is satisfied that things are working as expected, it proposes to allow business...
Sep 4, 2018 | Budget, Tax, VAT
Brexit: Deal or No Deal? The dreaded ‘B’ word, hasn’t been mentioned by us until now. That’ll be “Brexit”, then. Up to now, we have resisted temptation to even utter the word. But we are getting a bit close now to what may happen: Deal? No deal? No...
Apr 26, 2018 | Budget, Making Tax Digital, News, Tax
Making Tax Digital “and all VAT” The current VAT registration threshold is £85,000. If your business turnover is over the VAT threshold, and you are VAT registered, there are big changes just round the corner. These changes affect all VAT returns that commence on or...
